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“…we’re realizing that the industrial revolution is fading. The 80 year long run that brought ever-increasing productivity (and along with it, well-paying jobs for an ever-expanding middle class) is ending,” writes Seth Godin in a provocative post, perhaps fittingly on this weekend symbolizing rebirth for one of the world’s major religions.

Only problem is his use of the word “ending” – the industrial run, as a driver of economic growth, actually ended a decade or so ago Read the rest of this entry »

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The reference post was really fun to write, and it generated a HUGE response.  It was a treat to read all the comments from various forums – a very sincere thanks to everyone who contributed! Here are some extracts that I found really compelling – I want to share these verbatim while I structure my thinking on what I think they mean – apologies for the length, but this is worth reading to the end:

More than one challenged my sanity, e.g.: Read the rest of this entry »

In my related posts, Five great technological revolutions and The coming infrastructure boom, I described – and perhaps oversimplified – Carlota Perez’s insights into the dynamics of bubbles and their ensuing golden ages (her book, Technological Revolutions and Financial Capital requires some work, but is worth the effort). In this post, Read the rest of this entry »

I continue to be fascinated by Carlota Perez’ work on Technological Revolutions and Financial Capital. Briefly, she identifies 50- or so year periods of great economic advancement, followed by a turning point (bust) which then creates the conditions for a period of steady growth and prosperity; each period goes through five phases: Read the rest of this entry »

As I write, the stock market futures are up, as are the European markets, largely in reaction to Obama’s push over the weekend for a stimulus focused on infrastructure spending, as well as to the increasing likelihood of a Big 3 bailout. Read the rest of this entry »

U.S. intelligence agencies warned their Indian counterparts in mid-October of a potential attack “from the sea against hotels and business centers in Mumbai,” a U.S. intelligence official tells ABCNews.com.

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